«Bring Tone Vays back» — a news podcast with ForkLog’s editorial team and friends covering the week’s major industry events.
Topics: addressing the Curve breach aftermath, the crypto community’s reaction to PayPal’s stablecoin, bitcoin price forecasts, and the prospects of WorldCoin.
Participants: Lena Jess, Alex K.
Special guest: Web3 entrepreneur Vladimir Menaskop.
Host: Aremefe.
Curve situation
The fallout from the large Curve DEX hack, which occurred on July 30, is being rapidly addressed: an unknown hacker who attacked the platform has begun returning the stolen assets, the exchange reported receiving 70% of the funds withdrawn by the attacker from liquidity pools, Binance invested $5 million in CRV tokens.
A new player in the stablecoin market
The payments giant PayPal announced the launch of the ‘stablecoin’ PayPal USD (PYUSD). The crypto community reacted to the news with mixed views: some hope for a larger user base for projects and expect inflows of investment, while others point to high centralisation and criticise the controversial smart-contract design.
WorldCoin
WorldCoin — a protocol offering new mechanisms for identity verification and financial operations based on biometric material. The technology is developed by Tools for Humanity, with Sam Altman, head of OpenAI, among its founders. In several countries the project faces difficulties: Kenyan authorities have suspended its operations and are conducting raids at the company’s warehouses, with Germany and Argentina initiating their own investigations.
Bitcoin forecasts
The pioneer of the crypto industry and Blockstream CEO Adam Back has placed a million satoshis (0.01 BTC) on Bitcoin price reaching $100,000 before the halving.
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